Putting all the lookup values into a single table is usually referred to as Common Lookup Tables, or Massively Unified Code-Key (MUCK), and is generally considered a design error.
Great argumentation of why it's not a good idea can be found in the article below.
https://www.red-gate.com/simple-talk/sql/database-administration/five-simple-database-design-errors-you-should-avoid/
