What type of value focuses on broad life goals?

Terminal values are indeed the correct choice when discussing broad life goals. They represent the ultimate ends that a person strives to achieve in their life. These values are deeply rooted in a person's beliefs and indicate what individuals see as desirable outcomes, such as happiness, social recognition, self-fulfillment, or a sense of peace.

The focus on broad life goals distinguishes terminal values from other types of values, such as instrumental values, which pertain to the modes of behavior or means by which one can achieve these broader life goals. Instrumental values are more about how to get there, while terminal values are the destination.

In contrast, functional values relate to the practical benefits that a product or service provides. These are oriented towards specific outcomes or functionalities rather than overarching life ambitions. Psychosocial values involve interpersonal dynamics and the importance placed on relationships and social interactions but don't encapsulate the broader life goals to the extent that terminal values do. Therefore, terminal values most accurately encompass the concept of fundamental aspirations in life.