Webform has a pretty robust system for managing lists of options. When you create a select box, you can define its options just for that element, or use a predefined list. If you go to Structure, Webforms, Configurations and click on Options, you can see all the predefined options and you can create your own.
If you want to learn how to create your own predefined options check out our tutorial; How to Use Webform Predefined Options in Drupal 8.
One thing to be aware of is that all of these options are stored as config files, which makes perfect sense, it is configuration.
But what if you want editors to manage the options?
Depending on how you deploy Drupal sites if you change an option only on the production site, your change will be overridden the next time you deploy to production because you import all new configuration changes.
To work around this, you could look at using Webform Config Ignore.
Another way of managing options is by using the Taxonomy system. An editor would simply manage all the terms from the Taxonomy page and nothing will be stored in config files.
In this tutorial, you’ll learn how to create a select element which uses a taxonomy vocabulary instead of the standard options.