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Face the Music. Don't try to make excuses or otherwise duck responsibility for your blunder, even if owning up threatens your job. If you were indeed at fault, apologize to all those affected by your mistake, whatever your level of error---whether you just forgot about a meeting or accidentally sank an important account. Do so sincerely, because copping an attitude or feigning regret just generates more ill will. On the other hand, don't over-apologize and act weak. It helps no one and irritates most people.
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