The correct answer is True
Explanation:
In grammar, a participle refers to a word derived from a verb that acts as an adjective by describing a noun. Participles can be either present participles or past participles, in the case of the present participle this is formed by adding "-ing" to verbs, on the other hand, the past participles are formed depending on the verb and it is common they end in "ed", "t", "en", among others. In the case of sentence "Michael wandered like a lost puppy" the word "lost" is a past participle as this derives from the verb "lose", end in "t" which is a common ending in past participles and also despite it might seem a verb it acts as a noun describing "puppy".