I guess it depends on your workflow. Can an item be both Reviewed and Pending? And if not, is there maybe a third option such as In Progress?
Something like an option group might be easier to use. You can see all 3 options (in this case) but only one can be selected. To make that work you need to bind it to a number field because the result of an option selection is always an index number (1 for the first item, 2 for the second, etc).
The other possibility is to have 2 Yes/No fields, one for each option. That works if you could have both things selected at once, and it's more direct than a combo in this case.
Denis