Meaning of the word "take responsibility" in English

What does "take responsibility" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

take responsibility

US /teɪk rɪˌspɑːnsəˈbɪlɪti/
UK /teɪk rɪˌspɒnsəˈbɪlɪti/

Phrase

to accept the consequences of one's actions or decisions

Example:
It's time for you to take responsibility for your mistakes.
The manager refused to take responsibility for the project's failure.