What is the difference between overlook and overtake?

[Licha]

Business Idiom in English, Intermediate level

ESL/EFL Test #135 "Ways of threatening", question 8

I'm prepared to ......... your mistake on this occasion but I can't ever do it again.

(a) oversee
(b) overtake
(c) overhear
(d) overlook

Business Idiom in English, Intermediate level

ESL/EFL Test #135 "Ways of threatening", answer 8

I'm prepared to overlook your mistake on this occasion but I can't ever do it again.

Correct answer: (d) overlook

Your answer was: incorrect
I'm prepared to overtake your mistake on this occasion but I can't ever do it again.
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what is the difference between overlook and overtake thank you.

[Mister Micawber]

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Please try your DICTIONARY.
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Native English teacher at Mister Micawber's