how to implement a status table

I have a from that will have a status, "approved", "in
process",denied"... and such.

What is the best approach?
Status table,
One row with each column status type?
The form will have only one status so I will have to manage making
sure all columns that are not "true" will be false.

If I set it up so I populate the table with each row being a status
type then it will be easier to implement.
I could have a drop down to change status dynamically..

Any ideas?

OK, cool. thanks, looking now.