Final answer:
IRC may stand for Incident Response Team, especially if team FRT is involved in cybersecurity, or Internet Relay Chat, which is a platform for online communication.
Step-by-step explanation:
In a context where team FRT is mentioned alongside IRC within a business or competitive team environment, "IRC" may stand for Incident Response Team, which is a group that is prepared to address and manage the aftermath of a security breach or cyber attack. Another possibility, although less common in the given context, could be Internet Relay Chat, which is a form of real-time internet text messaging used by individuals and organizations to communicate. Without further context, it is challenging to determine the exact meaning of IRC as it pertains to team FRT's engagement with another team.