The total distance traveled is simply the sum of the two legs of the journey:
\[
\text{Distance} = 4 \, \text{m} + 3 \, \text{m} = 7 \, \text{m}
\]
The displacement is the straight-line distance from the initial to the final point. This can be calculated using the Pythagorean theorem:
\[
\text{Displacement} = \sqrt{4^2 + 3^2} = \sqrt{16 + 9} = 5 \, \text{m}
\]
Thus, the correct answer is 7 m and 5 m.